China goverment announced trading digital currency with fiat money (RMB) is illegal, so all platforms should stop immidiately, only copyto-currency to copyto-currency is allowed, after that, some small platforms in china was closed or on the close way, few big platforms still open, but only support BTC, LTC , ETH, BCC,ETC trading, no fiat money deposit or withdraw, and also no PPC trading platform in China in the next month.
So how will chinese miners pay their costs now?
Will they start selling “cloud mining” services?
Offering cloud mining services would be as complicated as trading mining proceeds at foreign exchanges for fiat.
Chinese capital controls make it hard to move fiat between China and other countries - in both directions.